Market Overview: Darien, CT

Single Family Properties




August Headlines
Darien
  • Unit sales are up 72.7% to 38.
  • New listings in August were 18. This is up 28.6% from 14 in August of 2016.
  • Median price is up by 9.2%.
Nearby Areas You May Be Interested In
  • Median price in Greenwich is up 24.1% to $2,009,725.
  • Days on market in Greenwich in August was 110. This is down 39.6% from 182 in August of 2016.
  • Year-to-Date unit sales in New Canaan are up by 25.0%.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending August, 2017% Chg From Aug, 2016
Price per Sq Ft for Sold $482 -2.9%
Changes Favoring Sellers
3 Months Ending August, 2017% Chg From Aug, 2016
Unit Sales 126 51.8%
Median Sale Price $1,450,000 0.3%
Inventory 204 -3.3%
Months of Supply 7.9 -23.0%
Market Time (Days) 84 -10.6%
Sales to List Price Ratio 96.3% 0.1%
New Listings 73 -3.9%
Went To Contract 82 7.9%
Click here to see monthly and longer-term averages.

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Sales
There were 38 unit sales in August. This is up 72.7% from 22 in August of 2016. Sales/list price ratio in August moved down to 95.2% from 98.1% in July.

Prices
Median price in August was $1,692,500. This is up 9.2% from $1,550,000 in August of 2016. This is the highest median price has been since December, 2016. 3-month median price of $1,450,000 in August was very slightly up from $1,390,000 in July and up marginally from $1,445,000 in August of 2016. Price per square foot in August was $512. This is up from $458 in July and up from $491 in August of 2016.

Inventory
Inventory of 185 in August was down 7.5% from 200 in July and down 1.6% from 188 in August of 2016. New listings of 18 in August were up moderately from 14 in July and up considerably from 14 in August of 2016. Months of supply of 7.2 in August was down slightly from 8.2 in July and down moderately from 9.1 in August of 2016. This is the lowest months of supply has been since December, 2016.

Market Time
Days on market of 94 in August was up considerably from 68 in July but down marginally from 98 in August of 2016. This is the highest days on market has been since March, 2017.


Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Danbury 10.74%
Bridgeport 10.20%
Norwalk 8.05%
Brookfield 7.49%
Stamford 6.37%
Trumbull 6.35%
Stratford 5.88%
Bethel 5.10%
Westport 3.85%
Greenwich 3.75%
Data From: DARMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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